29th Legislature(2015-2016)

Bill History/Action for Legislature

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  • Bill SB 107
  • Current Status CHAPTER 34 SLA 15
  • Status Date 06/10/2015
  • Bill Version
  • Short Title INSURANCE; RISK MG'T; HOLDING COMPANIES
  • Sponsor(S) SENATE LABOR & COMMERCE
  • Title "An Act relating to insurance; relating to risk based capital for domestic insurers and fraternal benefit societies, including provisions related to insurers subject to risk based capital and action level event requirements; relating to review by the director of insurance of an insurer's risk based capital plan; relating to confidentiality and sharing of certain information submitted to the director of insurance; relating to evaluating an insurance holding company and the acquisition of control of or merger with a domestic insurer; relating to risk based capital, risk management, and own risk and solvency assessments of insurers; clarifying provisions related to risk based capital plans; relating to exemptions by the director of insurance for certain domestic and casualty insurers from risk based capital requirements; relating to insurance holding companies, including filing requirements, divestiture, content of statements, notifications, and hearings; relating to registration requirements of insurers; relating to transactions within an insurance holding company system or transactions involving a domestic insurer; relating to management and examination of domestic insurers that are part of an insurance holding company system; adding provisions relating to participation by the director of insurance in a supervisory college; relating to civil and criminal penalties for violations by insurers and individuals; relating to provisions for risk management and own risk and solvency assessments by insurers; relating to operating requirements for controlling insurance producers; relating to producer-controlled insurers; adding and amending definitions related to insurers; and providing for an effective date."
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Full Text of SB 107 Intro/ Offered Passed
Version Amended Name PDF Date House Senate
SB0107A SB 107 pdf
Manifest Error(s)

SB0107Z Enrolled SB 107 pdf

Fiscal Action Summary

SB 107 Published
Fiscal Note Preparer Date Chamber Fiscal Impact Cmte Report Approp Bill
pdf Fiscal Note 1 Commerce, Community & Economic Dev S N SL&C, HL&C

Bill Amendments Summary

  • Bill : SB 107

Amendments that are adopted are incorporated into the next version of the bill.
PDF versions of the amendment may have slight variations from the Journal entry. The Journal should be considered the authoritative version.

Action Journal
Amendment Chamber Action Date Page PDF

House and Senate Minutes/Recordings

  • Bill : SB 107
Meeting Date Start Time Title Meeting Details
4/18/2015 9:00 AM HOUSE LABOR & COMMERCE Minutes Audio/Video
4/16/2015 1:30 PM SENATE LABOR & COMMERCE Minutes Audio/Video
4/11/2015 11:00 AM SENATE LABOR & COMMERCE Minutes Audio/Video

Documents for Bill SB 107 29th Legislature

Additional documents may be added - continue to check back.

Document Name Date/Time Subjects
Public Testimony - M. Schneider.pdf SL&C 4/16/2015 1:30:00 PM
SB 107
SB107 Supporting Documents-NAIC Accreditation Brief.pdf HL&C 4/18/2015 9:00:00 AM
SB 107
SB107 Supporting Documents-Financial Regulation Standards & Accreditation Program.pdf HL&C 4/18/2015 9:00:00 AM
SB 107
SB107 Supporting Documents-Letter NAIMC Support 3-30-15.pdf HL&C 4/18/2015 9:00:00 AM
SB 107
SB107 Fiscal Note-DCCED-DOI-04-11-14.pdf HL&C 4/18/2015 9:00:00 AM
SB 107
SB107 Sectional Analysis.pdf HL&C 4/18/2015 9:00:00 AM
SB 107
SB107 Sponsor Statement.pdf HL&C 4/18/2015 9:00:00 AM
SB 107
SB107 ver E.PDF HL&C 4/18/2015 9:00:00 AM
SB 107
SB 107 - Accreditation Brief.PDF SL&C 4/11/2015 11:00:00 AM
SB 107
SB 107 - NAIMC Support.PDF SL&C 4/11/2015 11:00:00 AM
SB 107
SB 107 - Financial Regulation Standards & Accreditation Program.pdf SL&C 4/11/2015 11:00:00 AM
SB 107
SB 107.PDF SL&C 4/11/2015 11:00:00 AM
SB 107
SB 107 - Sponsor Statement.pdf SL&C 4/11/2015 11:00:00 AM
SB 107
SB 107 - Sectional Analysis.pdf SL&C 4/11/2015 11:00:00 AM
SB 107
SB 107 - Presentation.pdf SL&C 4/11/2015 11:00:00 AM
SB 107
Jrn Date Jrn Page Text
927 (S) READ THE FIRST TIME - REFERRALS
927 (S) L&C
Text (S) LABOR & COMMERCE at 11:00 AM BELTZ 105 (TSBldg)
Text (S) Heard & Held
Min (S) Minutes (SL&C)
Text (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)
Text (S) Scheduled but Not Heard
Min (S) Minutes (SL&C)
Text (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)
Text (S) Moved SB 107 Out of Committee
Min (S) Minutes (SL&C)
1063 (S) L&C RPT 3DP 1NR
1063 (S) DP: COSTELLO, GIESSEL, MEYER
1063 (S) NR: STEVENS
1063 (S) FN1: ZERO(CED)
1099 (S) RULES TO CALENDAR 4/18/2015
1099 (S) READ THE SECOND TIME
1099 (S) ADVANCED TO THIRD READING UC
1099 (S) READ THE THIRD TIME SB 107
1099 (S) PASSED Y20 N-
1099 (S) EFFECTIVE DATE(S) SAME AS PASSAGE
1103 (S) COSTELLO NOTICE OF RECONSIDERATION
1103 (S) RECON TAKEN UP SAME DAY UC
1103 (S) PASSED ON RECONSIDERATION Y20 N-
1103 (S) EFFECTIVE DATE(S) SAME AS PASSAGE
1121 (S) TRANSMITTED TO (H)
1121 (S) VERSION: SB 107
1044 (H) READ THE FIRST TIME - REFERRALS
1044 (H) L&C
1046 (H) L&C RPT 1DP 5NR
1046 (H) DP: OLSON
1046 (H) NR: LEDOUX, TILTON, HUGHES, KITO, JOSEPHSON
1047 (H) FN1: ZERO(CED)
Text (H) LABOR & COMMERCE at 09:00 AM BARNES 124
Text (H) Moved SB 107 Out of Committee -- Delayed to 1:15 p.m. Today --
Min (H) Minutes (HL&C)
1076 (H) RULES TO CALENDAR 4/19/2015
1076 (H) READ THE SECOND TIME
1077 (H) ADVANCED TO THIRD READING UC
1077 (H) READ THE THIRD TIME SB 107
1077 (H) PASSED Y38 E1 A1
1078 (H) EFFECTIVE DATE(S) SAME AS PASSAGE
1078 (H) RETURN TO (S), TRANSMIT TO GOV NEXT
1078 (H) VERSION: SB 107
1330 (S) 3:00 PM 5/28/15 TRANSMITTED TO GOVERNOR
1330 (S) MANIFEST ERROR(S)
1437 (S) SIGNED INTO LAW 6/10 CHAPTER 34 SLA 15
1437 (S) EFFECTIVE DATE(S) OF LAW 7/1/15
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